Axios: New York could become the latest state to ban noncompetes
New York could become the latest state in the U.S. to ban noncompete agreements. A bill passed the state’s Assembly earlier this week and is now on the governor’s desk.
Why it matters: There’s new energy around banning or limiting the use of these often-criticized agreements, which prevent people from working for a new employer for a period of time after they leave a job.
That new buzz is thanks in part to the Federal Trade Commission’s proposal earlier this year to ban them nationally.
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There’s a feedback loop happening between the states and the federal government, “acknowledging that noncompetes in any way, shape or form are a real problem,” said Pat Garofalo, director of state and local policy at the progressive American Economic Liberties Project.
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